Cree (CREE) Rating Lowered to Hold at Roth Capital
Cree (NASDAQ:CREE) was downgraded by research analysts at Roth Capital to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $35.00 price objective on the LED producer’s stock. Roth Capital’s price target would suggest a potential downside of 4.61% from the stock’s current price.
Several other equities analysts have also issued reports on CREE. TheStreet raised shares of Cree from a “d+” rating to a “c-” rating in a report on Wednesday, September 27th. Northland Securities reaffirmed a “hold” rating and issued a $28.00 price target on shares of Cree in a report on Thursday, September 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cree in a report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Cree in a report on Monday, December 11th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Cree in a report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.18.
Cree (CREE) traded up $0.40 during midday trading on Tuesday, reaching $36.69. 992,600 shares of the company’s stock traded hands, compared to its average volume of 878,064. The company has a quick ratio of 3.61, a current ratio of 4.82 and a debt-to-equity ratio of 0.06. Cree has a fifty-two week low of $20.50 and a fifty-two week high of $40.24. The stock has a market capitalization of $3,561.33, a price-to-earnings ratio of -30.07 and a beta of 1.26.
Cree Company Profile
Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.
Receive News & Ratings for Cree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cree and related companies with MarketBeat.com's FREE daily email newsletter.